ExpectedUtilityTheory suggest that all alternatives can be rank-ordered from worst to best and that alternatives with highest expected values should be preferred.
Expected Utility Theory is a popular concept in economics that serves as a reference guide for decisions when the pay-off is uncertain. The theory recommends which option rational individuals should choose in a complex situation based on their risk appetite and preferences.
The expected utility hypothesis states an agent chooses between risky prospects by comparing expected utility values.
Although the expected utility hypothesis is standard in economic modelling, it has been found to be violating in psychology experiments.
Explanation: when data is stored it is mostly kept as records in one field or more , this data contains details about a particular person or company and these field contain information that is stored as a database. Records are stored in rows in a database table ,for example patient information at the hospital is kept as records in a hospital private database.
Membership in the Islamic community known as the Umma was based on a common faith. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
<h2>The following is a comparison between the Portuguese, Spanish, English, and Dutch intrusions in Southeast Asia:
</h2><h2></h2>
Portuguese: The Portuguese were motivated by the possibilities of trade in spices and condiments. The concentrated most of their colonial efforts in the western coasts of Southeast Asia. Their involvement was limited to trading.
Spanish: Not many Spanish traders traveled to southeast Asia but the ones who did largely restricted themselves to the Indian subcontinent. There were not much colonial efforts put in by the Spanish.
English: The English were the most influential and powerful European power in Southeast Asia. They concentrated their colonial efforts throughout Southeast Asia and involved in both trading and administrative activities.
Dutch: The Dutch were small in number and were not interested in anything other than trade and commerce.
